Bakkt Requiring Downpayment For Bitcoin Futures Contracts
Bakkt is requiring would-be customers an initial deposit to be able to make margin trade on its bitcoin futures products.
This notice was posted Tuesday where it announced the initial hedge and speculative requirements for customers as well as its monthly rate add-ons.
Tradeblock director of research, John Todaro says that the initial margin requirements are the amounts of assets (collateral) that need to be pledged in order to open a position.
Add-ons will also differ for initial hedge and speculation rates, monthly and daily futures contracts will have a $400-$1,000 hedge rate but the speculative rate is 10% higher that will fluctuate from $440-$1100.
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